ATESTEO

Germany / Private Equity

Industrial

Overview

ATESTEOis a German-based global leader in outsourced automotive testing, with a focus on testing drivetrains for electric and conventional propulsion systems in the lab and on the road. ATESTEO’s services ensure that the vehicles of their customers, including some of the world’s pre-eminent automotive manufacturers and suppliers, are safe, reliable and fit-for-purpose.

ATESTEOdifferentiates itself through testing technology, engineering expertise, flexibility, and economies of scale. We acquired a majority stake inATESTEOin October 2013 and achieved a 4.4x return on exit in December 2017.

Highlights under our ownership

Instrumental in the strategic repositioning of the Company; strengthened and widened the testing service portfolio while non-core activities were discontinued

Significant international expansion driven by customer wins in Europe, China and North America. Tripled capacity of its Chinese operations through expansion and opened new state-of-the-art facilities in Germany

Completed two acquisitions, includingstraesser, a leading vehicle testing service provider, in September 2017 which opened up significant growth potential

Rebranded the business in 2016 toATESTEOto underline its position as a leading testing service provider

Strengthened the Board with the appointment of Günter Hauptmann and Ad Verkuyten through our Business Leaders Network